Supplier performance

The table below details our supplier value measures and targets to 2025. It reports our performance and demonstrates progress by innovating in partnership with suppliers in the delivery of our purpose.

Performance highlights in 2022 include:

  • Awarded one of the first ‘Fast Payer Awards’ by Good Business Pays.
  • 90 per cent of our targeted suppliers signed up to our Responsible Sourcing Principles.
  • Our activities support around 17,700 jobs in the supply chain, and the acceleration of around £500 million of capital expenditure into the first three years of AMP7 will continue to play a part in helping to generate jobs and income for the North West economy.

To understand the verification process for our data, please see CR reporting.

From 2020-21 onwards we have adopted a new set of measures for suppliers to demonstrate how we are fulfilling our purpose which is why there is no trend data this year. The progress we have already made to operate in a responsible manner is demonstrated in our 2015-20 measures and targets performance.

 

Measure Target to 2025 2021/22 Performance 2020/21 Performance
Invoices paid within 60 days At least 95% 99.34% 99.55%
Average time taken to pay invoices <28 days 13 13
% suppliers in high risk categories, as identified by sustainability risk assessments, covered by enhanced due diligence audits 5% Delivery scheduled from 2022 Delivery scheduled from 2021
% of partner and strategic suppliers that have sustainability risk assessment in place 75% 72% 35%
Supplier Relationships Management score 90% 54% 69%
% of targeted suppliers signed up to United Supply Chain 100% 90% 38%
CIPS ethical mark Retain annual accreditation Retained Retained
Savings delivered through innovation and efficiency £40 million £6.388 million £3.9 million

The progress we have already made to operate in a responsible manner is demonstrated in our 2015-20 measures and targets performance.